Sat, Aug 23, 2014
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Aggregate wealth of high net worth individuals declined overall in 2011 due to market volatility, report says

Monday, June 25, 2012

Benedicte Gravrand, Opalesque Geneva: The overall financial wealth of High Net Worth Individuals (HNWI) decreased slightly all around in 2011 (except for the Middle East). This general decline of 1.7% (to US$42tln) is the first since 2008, a year when HNWIs lost 19.5% of their wealth. Another shift that took place in 2011 was in the distribution of wealthy people, as indeed, Asia-Pacific became the largest HNWI region for the first time.

These are some of the findings of the 2012 World Wealth Report (WWR), just published by Capgemini, a global consultant, and RBC Wealth Management, one of the world’s top 10 largest wealth managers. The report offers insight into those with $1m or more to invest.

In 2011, the Asia-Pacific and North American regions levelled in terms of numbers of HNWIs and in terms of wealth. The number of HNWIs in Asia-Pacific expanded 1.6% to 3.37 million, making it the largest HNWI region for the first time, surpassing North America’s HNWI population of 3.35 million.

However, North America remains the largest region for HNWI wealth at $11.4tln compared to $10.7tln in Asia-Pacific.

George Lewis, Group Head at RBC Wealth Management said: "It is significant that for the first time this year there are now more high net worth individuals in Asia-Pacific than in any other region......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing
  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Institutions – Texas Employees sets 2015 tactical plan for alternatives, CalPERS' real estate consultant cautions the pension fund's investment committee, Why Sunsuper likes hedge funds[more]

    Texas Employees sets 2015 tactical plan for alternatives From PIOnline.com: Texas Employees Retirement System will invest in up to four new hedge funds in the next fiscal year, which begins Sept. 1. Trustees approved 2015 tactical investment plans for the hedge fund, private equity and in

  2. Private equity follows hedge funds into reinsurance for long-term capital[more]

    From Artemis.bm: It’s not just hedge funds that are entering the insurance and reinsurance market in search of so-called long-term capital to put to work in their strategies, private equity firms targeting the space are also seeking opportunities to add assets under management. The entry of large pr

  3. North America – New York City’s next hot neighborhoods targeted with property funds[more]

    From Bloomberg.com: New York’s real estate world is filled with tales of ordinary people who bought property decades ago and saw values skyrocket to the millions. Seth Weissman is seeking investors to get in early on the next hot neighborhoods. The veteran of Goldman Sachs Group Inc. and hedge

  4. Investing – George Soros bets $2bn on stock market collapse, Warren Buffett's Berkshire reveals Charter stake, cuts DirecTV, Hedge funds lusting to cash out of MGM, Top hedge fund managers are buying Ally Financial, Hedge funds dumped 5m Herbalife shares in Q2, Paulson & Co hedge fund ups Puerto Rico real estate bet, Netflix Inc., Citigroup Inc, Google Inc are top new picks in Tiger Management’s 13F[more]

    George Soros bets $2bn on stock market collapse From Newsmax.com: Billionaire investor George Soros has increased his financial bet that U.S. stocks will collapse to more than $2 billion. The legendary hedge fund manager has been raising his negative bet on the Standard & Poor's 500 Inde

  5. Investors now net short S&P500 and increased Russell shorts, technicals suggest further selling[more]

    Komfie Manalo, Opalesque Asia: Market Neutral funds increased their market exposure to -1% net short from -6% net short last week, according to Bank of America Merrill Lynch’s Hedge Fund Monitor. The report also added